Latest UK figures

Latest figures show 2,412 new cases of COVID-19 in the UK, taking the total to 248,818. There were 545 new deaths, taking the total to 35,341.

Latest Global figures

Total reported cases: Approx. 4,986,332 (+95,652/ 2% increase overnight)

Total deaths: 324,910 (+4,785/ 1.5% increase overnight)

Total recovered: Approx. 1,959,168 (+51,144 / 2.7% increase overnight)


Key stories:

  • As many as 1,500 primary schools will defy Government plans for pupils to return to the classroom from 1st June. At least 18 councils – including Conservative-controlled Solihull – have said they will not force schools to reopen after ministers unveiled plans for children in nursery, reception, year one and year six to return. Concerns about the Government plans were strengthened after Dame Angela McLean, the Deputy Chief Scientific Adviser, said schools should only reopen if there was an effective “track and trace” system in place.
  • Cambridge University has announced that it will cancel all face-to-face lectures and teach thousands of students online instead for the entire 2020-21 academic year. The world-famous University said that tutorials and smaller classes could still take place, but only if they comply with strict social distancing rules. The decision came after Manchester University announced it would only offer online lectures for the first semester next year.
  • One in three people who have died from COVID-19 in England had diabetes, new NHS research has revealed. While the risk for many diabetics remains low, some are more vulnerable as a result of factors including obesity, high blood sugar levels and old age. NHS England figures show there were 23,804 coronavirus deaths in hospital between 1st March and 11th May – including 7,466 people with Type 2 diabetes, which mainly affects adults, and 365 with Type 1 diabetes, which often develops in childhood.
  • Captain Tom Moore has been awarded a special knighthood after raising nearly £33 million for the NHS by completing 100 laps of his garden. Capt Tom – who was given the honorary title colonel by the Queen on his 100th birthday – will be knighted today after being nominated by Boris Johnson. The PM said the army veteran was a “beacon of light through the fog of coronavirus.”
  • The US economy will shrink by 38 per cent in the second quarter compared to the same period last year, according to a report published overnight by the Congressional Budget Office. It also warned that the economic crisis sparked by COVID-19 would leave 25 million Americans jobless by September – almost four times more than the 5.8 million who were out of work at the end of 2019.

Company announcements:

  • Coats Group Q1 update reported sales down 17% year-on-year and 50% down in April. In response to COVID-19 the group plans to cut capex by 70% and has arranged to defer payments to its pension scheme
  • Great Portland Estates FY results reported that NAV per share was up 1.8% in the last 12 months. It announced that 71% of March quarter rents have been collected and they have had 7 occupier delinquencies in April (1.3% of portfolio). The group also announces a sustainability plan with the aim of being net zero in 2030. It also announced a COVID-19 community fund which will be open to all GPE employees to contribute to and the group will be matching contributions made by both GPE employees and Board members, up to a maximum of £250,000.
  • M&S released full year results, stating that its Food business outperformed the market with revenue increasing 2.1% and LFL sales up 1.9%. Revenue for Clothing & Home declined 8.3%, with LFL revenue down 6.2%. The company has taken actions totalling c.£1bn to reduce costs and manage cash, while protecting its transformation plans and trading potential.
  • Ninety One announced full year results, stating that assets under management reduced 7% to £103.4 billion, while profit before tax increased 11% to £198.5 million. It stated that it has not furloughed any staff and noted that it has contributed £2.9 million to relief efforts.
  • Playtech announced that it has performed better than envisaged in its March update, with Adjusted EBITDA of €117 million. In response to COVID-19, it has deferred or cancelled capital expenditure, suspended shareholder distributions, reduced salaries and marketing spending and reduced office and maintenance costs.
  • William Hill reported that HMRC has confirmed it will not appeal a claim that VAT was incorrectly applied to revenues earned from certain gaming machines prior to 2013. This may lead to a cash windfall of between £125 and £150m.
  • Rolls-Royce has proposed a major reorganisation as it notes “activity in the commercial aerospace market will take several years to return to the levels seen just a few months ago”. The group will cut 9000 jobs from its global workforce saving £700m. Total savings will be approximately £1.3bn.
  • Severn Trent reported group turnover of £1.84bn up 4.3%. The group established a £1m COVID-19 emergency fund, made arrangements to support SME suppliers and has supported customers. It will pay a dividend.
  • In a trading update, Vistry stated that performance during lockdown “has been better than initially expected”, reporting that it has over 5,600 operatives working across its developments. Over 70% of normal production capacity for its Partnerships business has


Total reported cases globally

Approx. 4,986,332 (+95,652/ 2% increase overnight)

Total deaths

324,910 (+4,785/ 1.5% increase overnight)

Number of countries/territories with confirmed cases

213

Recovered cases globally

Approx. 1,959,168 (+51,144 / 2.7% increase overnight)

*Please note that figures are approximate and time sensitive